This paper uses panel Granger causality tests to study the relationship between sector-specific foreign direct investment (FDI) and CO₂ emissions. Using a sample of 18 Latin American countries for the period 1980--2007, we find causality running from FDI in pollution-intensive industries (“the...

This paper employs U.S. metropolitan data to investigate the relationship between mortality rate and the business cycle. We utilize mortality and employment data that are specific to a given city, year and race/ethnic group. The analysis improves upon the existing literature by analyzing the...

This paper analyzes the components of housing demand in Mexico in the context of developing and developed nations. The case of Mexico is particularly interesting given that population and income dynamics, as well as current housing shortages, suggest that the demand for housing will...

In this paper we study the effect of the business cycle on the mortality rate of the major racial groups in the U.S. Using county-level data from 1999 to 2005, we find that the unemployment rate is negatively related to mortality for whites and latinos but that there is not a statistically...

In a one-state one-control variable Quadratic Linear Problem, I examine the effect of an increase in the multiplicative uncertainty on the use of the control variable. In contrast with previous studies, this model considers a stochastic constant term in the transition equation. I found that the...

In this essay, it is shown that in the Hoel and Karp (2001) model of global warming, the optimal response of taxes for a stock pollutant with mutiplicative uncertainty is opposite when the control variable is pollution taxes instead of emissions. In this case, the election of control variable...

In this paper we develop a framework to analyze the optimal policy of an inflation-targeting monetary authority that is not fully confident about its model and the degree of mistrust changes over time as the structure of the economy changes. These changes can include structural breaks as well as...

This article studies the effect of the business cycle on the mortality rates of the major racial/ethnic groups in the USA. We use county-level data from 1999 to 2005 and employ a panel econometric approach that includes county- and year-fixed effects. We found that the mortality rates for whites...

In this paper an analytical framework similar to a robust control problem was developed for the one-state, one-control variable model to examine the response of the control to changes in the “free” parameter. However, in contrast to Gonzalez and Rodriguez (2003), the sign multiplying the...